United Services Automobile Association decreased its position in shares of Amphenol Co. (NYSE:APH) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 180,287 shares of the electronics maker’s stock after selling 3,191 shares during the quarter. United Services Automobile Association’s holdings in Amphenol were worth $16,951,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cornerstone Wealth Management LLC acquired a new stake in shares of Amphenol during the 2nd quarter worth approximately $175,000. Alps Advisors Inc. lifted its stake in Amphenol by 243.1% in the second quarter. Alps Advisors Inc. now owns 8,042 shares of the electronics maker’s stock valued at $706,000 after buying an additional 5,698 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Amphenol by 16,640.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,674 shares of the electronics maker’s stock valued at $146,000 after buying an additional 1,664 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Amphenol by 1.5% in the second quarter. CIBC Private Wealth Group LLC now owns 191,753 shares of the electronics maker’s stock valued at $16,712,000 after buying an additional 2,807 shares in the last quarter. Finally, Barings LLC lifted its stake in Amphenol by 83.3% in the second quarter. Barings LLC now owns 41,819 shares of the electronics maker’s stock valued at $3,644,000 after buying an additional 19,009 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.
APH has been the topic of a number of research reports. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Tuesday, November 20th. ValuEngine raised shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Goldman Sachs Group raised shares of Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Tuesday, October 9th. Finally, Morgan Stanley raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $102.00 in a research note on Thursday, August 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Amphenol presently has a consensus rating of “Hold” and a consensus target price of $98.67.
NYSE APH opened at $85.65 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.19 and a current ratio of 1.68. Amphenol Co. has a 12-month low of $80.42 and a 12-month high of $97.56. The company has a market capitalization of $25.81 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.95 and a beta of 0.86.
Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. Amphenol had a net margin of 9.64% and a return on equity of 28.57%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the company earned $0.83 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. On average, analysts predict that Amphenol Co. will post 3.7 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 8th. Stockholders of record on Monday, December 17th will be issued a $0.23 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.07%. Amphenol’s dividend payout ratio (DPR) is presently 29.49%.
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Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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